4 replies to this topic

[NAV]

At the trough, the bullz dissapear. The bearz beat their chest and new cubs start proclaiming how they have been short from the top tick and some keep adding to their shorts. Then comes the crest. The bearz dissapear. What happens to their positions remain a dark mystery. The bullz proclaim how they have been long from the bottom tick in 2003 and continue to do so. Some are a little more honest and they claim how they have been long since that major bottom in 2006. Then comes the nasty trough. What happens to bulls positions again becomes a mystery. Now the dark mystery of the bears is unveiled. They start covering their shorts for profits They knew.....they knew...they knew for sure that the bear market was coming back Then comes the pesky crest again. The mystery of the longs is unveiled. They are still sitting on their long positions, stronger than ever, while they quietly added at the bottoms. They ain't sold a dime yet !. They knew...they knew.... that 100 points SPX decline was just a hiccup !! LOL, trading is so easy Me, looking to go long on the gap-down Monday. I knew...i posted...the gap-down signature Good luck folks.

Edited by NAV, 15 July 2007 - 11:07 PM.

[arbman]

I am going to let it rinse until Tuesday because of this. You can not clean this easily with one gap down, imho...

I think if the gap down does not produce some downside action, the upside will be also equally limited...

Edited by kisacik, 15 July 2007 - 11:18 PM.

[vitaminm]

SPX 5min sell ............1550-1547

[eminimee]

Speaking of signatures.....price would have to fail here...or at my number of 1561.80 for this to look good.

This is the 34ema of nymo...if divergence is taken out...we are going much higher.fwiw

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=3&mn=6&dy=0&i=p86123564741&a=74401962&r=9974.png

[vitaminm]

SPX

5min sell ............1550-1547

Close 1549.52
5min sell.....................S@1548
15 min buy--------------R@1551
60min sell...................S@1512